Exercise 5S-9 Equivalent Units; Equivalent Units of Production; Assigning Costs-FIFO Method [LO5S-6, LO5S-7, LO5S-8] Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the company's processing departments: Units in beginning inventory Units started into production Units in ending inventory Units transferred to the next department 380 4,250 320 4,310 Percentage completion of beginning inventory Percentage completion of ending inventory Materials 70% 70% Conversion 30% 40% The cost of beginning inventory according to the company's costing system was $7,861 of which $4,822 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $176,276. The costs per equivalent unit for the month were: The cost of beginning inventory according to the company's costing system was $7,861 of which $4,822 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $176,276. The costs per equivalent unit for the month were: Materials $18.00 Conversion $23.00 Cost per equivalent unit Required: 1. Compute the total cost per equivalent unit for the month. 2. Compute the equivalent units of material and conversion in the ending inventory. 3. Compute the equivalent units of material and conversion that were required to complete the beginning inventory. 4. Compute the number of units started and completed during the month. 5. Compute the cost of ending work in process inventory for materials, conversion, and in total for the month. 6. Compute the cost of the units transferred to the next department for materials, conversion, and in total for the month. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Compute the total cost per equivalent unit for the month. (Round your answer to 2 decimal places.) Total cost per equivalent unit Complete this question by entering your answers in the tabs below. Required 1 Required 2. Required 3 Required 4 Required 5 Required 6 Compute the equivalent units of material and conversion in the ending inventory. Materials Conversion Equivalent units Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Compute the equivalent units of material and conversion that were required to complete the beginning inventory. Materials Conversion Equivalent units Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Compute the number of units started and completed during the month. Number of units started and completed Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Compute the cost of ending work in process inventory for materials, conversion, and in total for the month. (Round your intermediate calculations to 2 decimal places.) Materials Conversion Total Cost of ending work in process inventory Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Compute the cost of the units transferred to the next department for materials, conversion, and in total for the month. (Round your intermediate calculations to 2 decimal places.) Materials Conversion Total Total cost of units transferred out
